SOLUTION: Albert invested 35 thousand pesos at 3 percent simple interest for 15 years and 3 months. How much did he earn?

SOLUTION: Albert invested 35 thousand pesos at 3 percent simple interest for 15 years and 3 months. How much did he earn?

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Question 874003: Albert invested 35 thousand pesos at 3 percent simple interest for 15 years and 3 months. How much did he earn?
Answer by mananth(16946) (Show Source): You can put this solution on YOUR website!
I = p*t*r
r=3%=0.03
t= 15 y 3 months = 15.25
=35000*0.03*15.25
=16012.50 pesos
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